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<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>84198</law_id><section_number>38.2-1320.1</section_number><catch_line>Submission of examination report</catch_line><edition url="https://vacode.org/2025/" slug="2025" current="TRUE" last_updated="">2025</edition><referred_to_by><reference>38.2-1320.2</reference><reference>38.2-1320.3</reference></referred_to_by><structure><unit label="title" level="1" order_by="1" identifier="38.2">Insurance</unit><unit label="chapter" level="2" order_by="1" identifier="13">Reports, Reserves and Examinations, Insurance Holding Companies, Reinsurance Intermediaries, and Managing General Agents</unit><unit label="article" level="3" order_by="1" identifier="4">Examinations</unit></structure><text>
						<section><p>No later than ninety days following completion of any examination, the <span class="dictionary">Commission</span> shall furnish two copies of the report to the <span class="dictionary">person</span> examined and shall notify the <span class="dictionary">person</span> that he may, within thirty days, make a written submission with respect to any <span class="dictionary">facts</span>, conclusions or recommendations contained in the examination report.</p></section>
						<section id="1"><p><span class="prefix-number">1.</span> If the report contains any recommendation for corrective action by or on behalf of the <span class="dictionary">person</span> examined, the <span class="dictionary">person</span> shall make a written submission explaining what procedures have been implemented or are anticipated with respect to each recommendation of corrective action. <a id="paragraph-301775" class="section-permalink" href="https://vacode.org/38.2-1320.1/#1"><i class="fa fa-link"/></a></p></section>
						<section id="2"><p><span class="prefix-number">2.</span> Any <span class="dictionary">person</span> seeking to take <span class="dictionary">issue</span> with any matter contained in the examination report shall do so by including in its written submission a request for a <span class="dictionary">hearing</span> before the <span class="dictionary">Commission</span>. <a id="paragraph-301776" class="section-permalink" href="https://vacode.org/38.2-1320.1/#2"><i class="fa fa-link"/></a></p></section></text><history>1992, c. 588; 1994, c. 308.</history><metadata></metadata></law>
